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Human Capital and the Feldstein-Horioka Puzzle Author info | Abstract | Publisher info | Download info | Related research | Statistics Margarita Katsimi ()
Thomas Moutos ()
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In this paper we reexamine the Feldstein-Horioka finding of limited international capital mobility by using a broader view (i.e., including human capital) of investment and saving. We find that the Feldstein-Horioka result is impervious to this change.
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Paper provided by CESifo Group Munich in its series CESifo Working Paper Series with number
CESifo Working Paper No. 1914.
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Date of creation: 2007Date of revision:
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Keywords: human capital ; current account ; investment-saving correlation ; capital mobility ; Find related papers by JEL classification: E20 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data) F20 - International Economics - - International Factor Movements and International Business - - - General I20 - Health, Education, and Welfare - - Education - - - General Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
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Robert J. Barro & N. Gregory Mankiw & Xavier Sala-i-Martin, 1995.
"Capital Mobility in Neoclassical Models of Growth ,"
NBER Working Papers
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[Downloadable!] (restricted)
Other versions:
Robert J. Barro & N. Gregory Mankiw & Xavier Sala-i-Martin, 1994.
"Capital Mobility in Neoclassical Models of Growth ,"
Economics Working Papers
82, Department of Economics and Business, Universitat Pompeu Fabra.
[Downloadable!] Barro, Robert J. & Mankiw, N Gregory & Sala-i-Martin, Xavier, 1994.
"Capital Mobility in Neoclassical Models of Growth ,"
CEPR Discussion Papers
1019, C.E.P.R. Discussion Papers.
[Downloadable!] (restricted) Barro, R. & Mankiw, G., 1992.
"Capital Mobility in Neoclassical Models of Growth ,"
Harvard Institute of Economic Research Working Papers
1615, Harvard - Institute of Economic Research.
Barro, R.J. & Mankiw, N.G. & Sala-i-Martin, X., 1992.
"Capital Mobility in Neoclassical Models of Growth ,"
Papers
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Barro, Robert J & Mankiw, N Gregory & Sala-i-Martin, Xavier, 1995.
"Capital Mobility in Neoclassical Models of Growth ,"
American Economic Review ,
American Economic Association, vol. 85(1), pages 103-15, March.
[Downloadable!] (restricted) Martin Feldstein & Charles Horioka, 1980.
"Domestic Savings and International Capital Flows ,"
NBER Working Papers
0310, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Other versions: Azariadis, Costas & Drazen, Allan, 1990.
"Threshold Externalities in Economic Development ,"
The Quarterly Journal of Economics ,
MIT Press, vol. 105(2), pages 501-26, May.
[Downloadable!] (restricted)
Olivier Blanchard & Francesco Giavazzi, 2002.
"Current Account Deficits in the Euro Area: The End of the Feldstein Horioka Puzzle? ,"
Brookings Papers on Economic Activity ,
Economic Studies Program, The Brookings Institution, vol. 33(2002-2), pages 147-210.
[Downloadable!]
Alan M. Taylor, 1996.
"International Capital Mobility in History: The Saving-Investment Relationship ,"
NBER Working Papers
5743, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Sinn, Stefan, 1992.
"Saving-Investment Correlations and Capital Mobility: On the Evidence from Annual Data ,"
Economic Journal ,
Royal Economic Society, vol. 102(414), pages 1162-70, September.
[Downloadable!] (restricted)
Baxter, Marianne & Crucini, Mario J, 1993.
"Explaining Saving-Investment Correlations ,"
American Economic Review ,
American Economic Association, vol. 83(3), pages 416-36, June.
[Downloadable!] (restricted)
Other versions: Mankiw, N Gregory & Romer, David & Weil, David N, 1992.
"A Contribution to the Empirics of Economic Growth ,"
The Quarterly Journal of Economics ,
MIT Press, vol. 107(2), pages 407-37, May.
[Downloadable!] (restricted)
Other versions: Harberger, Arnold C, 1980.
"Vignettes on the World Capital Market ,"
American Economic Review ,
American Economic Association, vol. 70(2), pages 331-37, May.
[Downloadable!] (restricted)
Caporale, Guglielmo Maria & Panopoulou, Ekaterini & Pittis, Nikitas, 2005.
"The Feldstein-Horioka puzzle revisited: A Monte Carlo study ,"
Journal of International Money and Finance ,
Elsevier, vol. 24(7), pages 1143-1149, November.
[Downloadable!] (restricted)
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